News Release: April 4th, 2002
Drill Program Completed at Lac de Gras
ATW Resources Ltd. has just completed a drill
program on its MacKay Lake, NWT diamond property. No kimberlite
was found. Three resistivity low anomalies were tested. Two
were explained by graphitic conductors. No explanation was found
for the third anomaly.
Nevertheless, till chemistry has indicated
that a diamondiferous pipe (or pipes) is the source of the 25
kilometre long indicator mineral train that has been traced back
to this part of the ATW property. Previously conducted sonic
drilling to collect till samples further narrowed the search
area down to the three by three mile square where current drilling
took place.
Since resistivity targets have not located
the source, other techniques will now be considered in order
to isolate pipe targets within this confined area. These may
include further sonic drilling on closely spaced fences, and
other surface and airborne geophysical techniques.
The MacKay Lake project is a joint venture
of ATW Resources (75%), Aberex Minerals Ltd. (15%) and SouthernEra
Resources (10%). ATW itself is owned by Almaden Minerals Ltd.
(40%), Troymin Resources Ltd (20%) and Williams Creek Explorations
Ltd (40%).
ON BEHALF OF THE BOARD
OF DIRECTORS
Duane Poliquin
The Toronto Stock Exchange
has not reviewed nor accepted responsibility for the adequacy
or accuracy of the contents of this news release which has been
prepared by management. Statements contained in this news release
that are not historical facts are forward looking statements
as that term is defined in the private securities litigation
reform act of 1995. Such forward -looking statements are subject
to risks and uncertainties which could cause actual results to
differ materially from estimated results. Such risks and uncertainties
are detailed in the Company's filing with the Securities and
Exchange Commission.
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